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Assurance

Assurance is one of the most important services provided by MBAF. This is an attest function, the only area requiring practitioners to be certified public accountants. Our CPAs examine financial records, transactions, and procedures to ensure that a company's financial statements properly reflect its position as of the audit date.

MBAF's experienced audit professionals are committed to maintaining professional standards and quality in all audit services. We work closely with our clients to maximize our understanding of their systems and operations. Since audits of financial statements are the core of our professional practice, during the audit process, we strive to:

• Obtain an in-depth understanding of all aspects of our client's business.
• Exceed your expectations by assessing risk properly and planning the appropriate combinations of work.
• Maximize efficiency by delivering our audit services on time according to plan and to budget.
• Develop our people by giving them support and opportunities they need to generate value for you.
• Utilize the latest technology and auditing techniques to streamline the audit process.
• Communicate continuously by remaining accessible and responsive to you throughout the engagement and pre-empting your needs.
• Evaluate our performance by holding ourselves accountable and constantly identifying areas for improvement.
• Suggest organizational changes to better safeguard assets and to improve internal control systems.

MBAF can do this because our audit services are carefully planned, well organized and completed on a timely basis. Also, our low staff turnover helps us to provide continuity and minimizes re-training time and expense.

Using state-of-the-art computerized auditing and consulting techniques, MBAF provides the highest quality of professional services. We focus on key risk areas to provide management, vendors and lenders with reasonable assurance that financial statements are free from material misstatements. As a result, we are vigilant in our efforts to stay abreast of regulatory developments through continuing education, and we maintain memberships in the SEC and Private Companies Practice sections of the AICPA.

We serve most industries and have experience in over 100 sub-industries.  We are a recognized leader in automotive dealership audits, financial institutions, non-profits, distribution. and SAS 94s.  

Types of Assurance Services

• Financial Statement Audit
  An audit is the most comprehensive examination of your financial records, systems and statements and is often required by lenders, investors and governmental agencies. The audit report assures the accuracy of your completed financial statements. 
• Internal Audits
  This function provides an ongoing series of tests that examine controls within an organization and measures if policies and procedures are being followed. It includes recommendations to our clients on best practices based on our experience in the various industries that we service. 
• Governmental Compliance Audits
  Most governmental, educational and nonprofit organizations are required to have single audits, which include both financial, and compliance aspects. Our staff has extensive experience in this type of audit, which includes continuing professional development in this area. 
• Report on Evaluation of Internal Control
  Your business may be required to include a report on Internal Control with your financial statements. We conduct a thorough evaluation of your accounting system and provide you with suggestions for improvement. We can tailor our specific procedures to assist in identifying areas of your operations vulnerable to embezzlement or fraud. 
• Special Reports
  Special reports (agreed-upon procedures reports) provide you with assurance on the accuracy of specific components of a financial statement without having to perform a complete audit. 
• Sarbanes-Oxley Act
  This new legislation is changing the face of audit services provided by independent accountants to public companies. We are fully aware of the issues being faced by public companies and financial institutions in order to be in compliance with the provisions of the Sarbanes-Oxley Act. Our continued recommendations will assist our clients in addressing the requirements of the Act.
  
  MBAF is providing companies with services required under Section 404 of the Act by assisting in the documentation of internal control systems enabling executives of public companies to render reports that their businesses have appropriate and effective systems of internal controls.